SOURCE: eLocity Inc.

July 11, 2005 11:34 ET

Monday's July 11th Stock Trading Alert

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity Inc.

SARASOTA, FL -- (MARKET WIRE) -- July 11, 2005 -- eLocity's stocks to watch for Monday are -- MidNet, Inc. (OTC BB: MIDX), Zhone Technologies, Inc. (NASDAQ: ZHNE), Paradyne Networks Inc.(NASDAQ: PDYN), and WPT Enterprises, Inc. (NASDAQ: WPTE).

Investors may want to watch MidNet, Inc. (OTC BB: MIDX), creator, owner and operator of The Middle Network, a commercial complement to the Internet providing high-speed, high-capacity private digital connectivity to companies and individuals. The company issued a press release Monday announcing that it has entered into an agreement with K&C Tech Inc. of Vancouver, Canada, whereby desktop videophones distributed by K&C will be configured to automatically launch services on The Middle Network.

K&C is the North American distributor for desktop videophones from Korea-based C&S Technologies, a publicly traded company on the Korean stock exchange (KOSDAQ). MidNet said that C&S videophones are considered by industry professionals to be among the leading brands available in the world in terms of picture quality and value, and added that over 50,000 units (to date) of C&S desktop videophones are already established in Japan, over 30,000 units in China, and approximately 30,000 units in the European Community. Approximately 3,000 units are also in use by the United States Government, including the US Air Force and National Guard, the company noted.

MidNet explained that The Middle Network is complementary to any telephone or cable company that provides Internet Protocol (IP) services, so the videophones will work with a customer's existing ISP broadband connection. The companies also said that they are dedicated to compliance with international communications standards, solving the problem where two parties with different videophones can't communicate with each other.

MidNet also added that, importantly, the standards-compliant C&S videophones allow users to make voice-only calls on traditional telephone networks, and IP-based networks such as the Internet and The Middle Network, in addition to their desktop video communication capabilities.

K&C and MidNet said that they anticipate that over 100,000 units will be sold into the North American market over the next eighteen months, and that product and service revenues derived from these quantities are anticipated to be $30 Million. The companies said they believe there will be significant growth opportunities for this market segment, as video-based communications supersede voice-only solutions as the dominant form of communications over the next fifteen years.

Shares of MidNet, Inc. (OTC BB: MIDX) are currently trading at around 58 cents.

MidNet, Inc. Investor Relations -- Equity Alliance International, LLC www.equityallianceint.com

Other stocks in the news:

Zhone Technologies, Inc. (NASDAQ: ZHNE), Paradyne Networks Inc.(NASDAQ: PDYN)

Network equipment maker Zhone Technologies, Inc. announced Friday that it is acquiring broadband access products provider, Paradyne Networks Inc., in a stock swap deal valued at about $183.6 million.

ZHNE closed Friday's regular trading session at $2.87. PDYN finished the session at $2.789.

WPT Enterprises, Inc. (NASDAQ: WPTE)

WPT Enterprises, owner of the popular television show World Poker Tour, announced Friday that it was attempting to verify the credibility of an unsolicited $700 million offer to acquire the company

WPTE closed Friday's regular trading session at $26.50.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for newsletter and ad services for MIDX (Public Company). The compensation is twelve hundred dollars from a non-affiliated third party, Equity Alliance International. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    941-544-3498
    Thomas Clay